International prime property professionals, Fine & Country, have been selected as the agents tasked with presenting a new development of luxury apartments, in the original and historic Tobacco Warehouse in Liverpool, to a worldwide audience via an impressive investor portfolio.
Austin Walker, a proud Liverpudlian and Director at Fine & Country, comments that Harcourt, a Dublin-based property development and management company, were looking for an agent who would provide access to a large network of brokers across the globe, and give their landmark development the appropriate exposure. He says: “The fact that I am from Liverpool, and as such understand the opportunity and significance of the scheme, both from a local and global perspective, helped to increase the team’s confidence in giving us the instruction. Our company structure allows us to expose the property to our network while having a small team who are experts on the development, act as the primary point of contact.”
Tobacco Warehouse is a 100-year-old Victorian building and is considered to be the world’s biggest brick-built warehouse. Positioned on Stanley docks in Liverpool, the development consists of three separate buildings all owned by the same developer. The old Rum Warehouse is now Liverpool’s award-winning Titanic Hotel, while the main residential building is in the large, converted Tobacco Warehouse. There are plans to further develop, with over 250 one-bedroom flats being built within the converted Tea Warehouse. Phase one is complete and around 70% of apartments are already sold, while phase two of the development is completing in approximately 18 months, with phase three following after that.
All three buildings benefit from views of the River Mersey, Stanley Dock, and a spectacular cityscape, with some rooms even taking in Everton’s newly built stadium, which will be completed for the 2024 season. The development will benefit from the infrastructure being built to service the new stadium, including improved parking and transport over the coming years.
Walker goes on to say: “This is a huge win for Fine & Country and our mission to be associated with only the best properties. It is also an exciting opportunity for us to provide real value to our client as a result of our market placement and our network. It feels like a natural synergy and a dynamic pairing that my team and I are excited to get to work on. At present, there is a waiting list of tenants looking to move into any investment flats that become available, so the demand is very high.”
The building is considered Liverpool’s most premium development and a unique opportunity to invest or live in an iconic and imposing area. The buildings have even featured in films and TV shows such as Peaky Blinders. Walker comments that he believes now is the best time to buy into a secure investment, adding: “I believe that it is the most exciting new build in the UK and will be for some time. There is expansive redevelopment going into the surrounding area, with commercial and residential buildings in the works, as well as large infrastructure improvements, so the capital uplift potential over the long term is real and could deliver nation-topping rental returns.”
Not only does the development encompass a concierge, shared working spaces, secure parking with EV charging and communal meeting areas, homeowners in this spectacular residence also get access and exclusive discount to the hotel amenities at the Titanic Hotel, just a short walk across a bridge away. The apartments are all trendy New York loft-style conversions, with prices ranging from £270,000 up to around £600,000.
